In cost-benefit analysis, there is no problem created by inflation.
A. True
B. False
C. Uncertain
B. False
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In a two-commodity world, balanced growth in a country decreases its willingness to trade because the country becomes self-sufficient in the production of both the goods.
Answer the following statement true (T) or false (F)
Evidence generally suggests that oligopolies inhibit technological advances.
Answer the following statement true (T) or false (F)
Consider the following game. You pick a card from a deck and each time you select an ace, you get $260. For all other cards you must pay $13. This game is a fair bet.
Answer the following statement true (T) or false (F)
An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease